European stocks lifted by rise in shares of oil firms

miércoles 16 de marzo de 2016 05:29 GYT
 

* Brenntag rises after forecasting more growth

* Firmer oil prices lift shares of energy companies

* Bilfinger slumps after scrapping dividend

By Sudip Kar-Gupta

LONDON, March 16 (Reuters) - European stocks gained ground on Wednesday, as a rise in the shares of energy companies propped up the region's markets.

The pan-European FTSEurofirst 300 index rose 0.3 percent while the euro zone's blue-chip Euro STOXX 50 index progressed by 0.5 percent.

Shares in oil companies such as BP and Total advanced as oil prices climbed, while Tullow Oil got a further boost from a Kenya oil discovery.

Deutsche Boerse shares also rose after more details of its proposed merger with the London Stock Exchange were announced.

Chemicals distributor Brenntag surged 6.7 percent after the company forecast more growth in 2016, although engineering services group Bilfinger slumped after scrapping its dividend.   Continuación...